Which of the Following Statements About the Global Standard-Setting Structure

question 60

Multiple Choice

Which of the following statements about the global standard-setting structure is false?

• A)The IFRS Interpretations Committee is similar to the EITF in the U.S.
• B)The Monitoring Board was formed to public accountability of the IFRS Foundation.
• C)The IASB oversees the IFRS Advisory Council which advises the Monitoring Board.
• D)The IFRS Foundation oversees the IASB and finances IASB operations.

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Definitions:

Job Design

Identification of job duties, characteristics, competencies, and sequences, taking into consideration technology, workforce, organization character, and environment.

Job Duties

The responsibilities and tasks that are expected to be performed by someone holding a particular job position.

Technology

Refers to the application of scientific knowledge for practical purposes, especially in industry and in the design, production, and use of tools, machines, and software.

Competency-Based Management

An approach to management that focuses on assessing, managing, and developing employees' skills and competencies to meet organizational goals.